Bloomberg said it will cut about 2% of staff, or around 50 people in its news division as it struggles to maintain profits in a tough economic environment.
Areas including sports, arts and entertainment will see the most cuts according to people familiar with the company\’s plans, although a small proportion of personnel will be lost from Bloomberg’s investigations unit.
As a business, Bloomberg has 2,400 people in its ranks at its newsroom that work in television, radio and in a digital capacity.
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